NEW YORK |
NEW YORK (Reuters) ? Want to know why video game stocks pop or drop? Check the reviews.
For years, investors have turned to video game reviews to help make buy or sell decisions, moving the share prices of some video game companies higher or lower.
They consult the website Metacritic, which tracks a large amount of reviews and comes up with an average score, as well as reviews from top video game outlets such as News Corp?s IGN.com and GameStop Corp?s Game Informer.
And with the holiday shopping season approaching, when companies in the $64 billion video game industry generate the bulk of their sales and earnings, investors will be scouring reviews more closely than usual.
?The review scores are a first indicator of how a game will perform commercially,? said Jesse Divnich, a consultant and analyst
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Source: http://www.stockmarkettoday.tv/shares-of-video-game-companies-swing-on-reviews/
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